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t riding on these rails. american e good morning and welcome to "this week." crisis overseas. an ambassador and three other americans murder. anti-american protests spreading around the world. what's behind the attacks? could more be on the way? did the obama administration do enough to prevent the violence? and with fewers than two months to election day, how will the crisis overseas impact the presidential
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elections here at home? >> an apology for america's values is never the right course. >> we'll getery the vtest from the threat abroad. and to the homeland with the u.s. ambassador to the united nations, susan rice. and our powerhouse roundtable with george will, jon than karl, general wesley clark, gwen ifill from pbs and and liz cheney from fox news. hello again. george stephanopoulos has the morning off. we're now in the home stretch, just 51 days until the election and our powerhouse roundtable is standing by to get to all of the week's politics. but first, the crisis that has the potential to shake up the presidential race, the murder of four americans, including the u.s. ambassador in benghazi,
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libya. the wave of anti-american protests and violence now sweeping the globe. for more on what happened and why, let's bring in the u.s. ambassador to the united nations, dr. susan rice. dr. rice, thank you for joining us. >> first of all, what is the latest on who these attackers were at the embassy or at the consulate in benghazi? we're hearing that the libyans are arresting people. they're saying some people were from outside the country and some even al qaeda ties. what's the latest information? >> jake, first of all, it's important to know that there's an fbi investigation that has begun and it will take some time to be completed. that will tell us with certainty what transpired. but our current assessment, is that in fact what began as a spontaneous not a premeditated response to what had transpired in cairo, there was a violent protest that was undertaken in reaction to this video that was
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disseminated. we believe that folks in benghazi, a small number of people came to the consulate to replicate this sort of challenge that was posed in cairo and then as that unfolded, it seems to have been hijacked, let us say, by some individual clusters of extremists that came with heavier weapons, weapons as you know that, in the wake of the revolution in libya, are quite common and accessible. then it evolved from there. we'll wait to see exactly what the investigation finally confirms. but that's the best information that we have at present. >> why was there such a security breakdown, why wasn't there better security at the compound in benghazi? why weren't there u.s. marines in tripoli?
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>> first of all, we had substantial presence with our -- >> not substantial enough -- >> with our personnel at our consulate in benghazi. tragically, two of the four americans who were killed were there providing security. that was their function. it obviously didn't prove sufficient to the nature of the attack and sufficient in that moment. and that's why, obviously, we have reinforced our remaining presence in tripoli and why the president has been very clear in libya and throughout the region, we're going to call on the governments first of all, to assume their responsibilities to protect our facilities and our personnel. we're reinforcing our personnel where needed. >> but why would we not have marines there in libya? this is an unstable country. an area where american interests have been attacked. why were there not marines there to begin with?
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>> that depends on the circumstances and that depends on the requirements. our presence in tripoli as in benghazi is relatively new, as you'll recall, we have been back post-revolution, only for a matter of months. but, i have visited there myself. both to tripoli and benghazi. i was very grateful to have strong security presence with me. as part of our embassy detachment there. so, we certainly are aware that libya is a place that there has been increasingly violent incidents. the security personnel that the state department thought were required were in place. we'll see when the investigation unfolds whether what transpired in benghazi might have unfolded differently in different circumstances. but the president has been very clear, the protection of
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american personnel and facilities is and will remain our top priority. that's why we have reinforced our presence in tripoli and elsewhere. >> look at this map, if you would, there have been protests around the world. president obama pledge to repair america's relationships with the muslim world. why does the u.s. seem so impotent? why is the u.s. even less popular today in some of these muslim/arab countries? than it was four years ago. >> jake, we're not impotent. we're not even less popular to challenge that assessment. i don't know what basis you make that judgment. but let me point out -- >> it just seems that the u.s. government is powerless as this maelstrom erupts. >> it's actually the opposite. what happened this week in cairo, in benghazi and in many other parts of the region. >> tunisia. khartoum. >> the u.s. government had nothing to do with, we have made clear that it's reprehensible and disgusting.
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we also have been very clear in saying that there's no excuse for violence. we have condemned it in the strongest possible terms. we have said that there's no excuse for violence. let's look at what's happened. quite the opposite of being impotent. we have worked with the governments in egypt. the president picked up the phone and talked to president morsi. in egypt, the security provided to our personnel and our embassies dramatically increased. >> it took two days for the president morsi to say anything about it. >> president morsi has been out repeatedly and said that he condemns this violence, he's called off and his people called off any further demonstrations and has made very clear that this has to stop. >> you bring up -- >> frankly, in tunisia, in yemen, and of course in libya,
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where the government has gone out of its way to try to step up security and express the deepest remorse. we're quite popular in libya as you might expect having been a major part in their revolution. what transpired outside of our consulate in benghazi wasn't an expression of deep-seeded anti-american sentiment. quite the contrary. the outpouring of sympathy and support for ambassador stevens and for the united states, the governor of libya, and the people on the streets saying, how pained they are about this is much more reflective of the sentiment toward the united states than heavily armed mobsters. >> that's the case in libya. but not the case in egypt. since you brought up president morsi. let me get some clarification. president obama was asked about the relationship with egypt on wednesday and this is what he said. >> i don't think that we would consider them an ally, but we don't consider them an enemy. they're a new government trying to find its way.
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>> the united states has sent billions of dollars of u.s. taxpayer money to egypt over the last few decades and, by definition, as you know, according to the state department, egypt is a major non-nato ally of the united states. why would president obama say that egypt is not an ally? >> well, first of all, the president has been very clear. everybody understands, that relationship remains the same and the president wasn't signaling any change in the nature of our relationship. >> was the president trying to nudge morsi? >> obviously, the president had a conversation with president morsi. a very productive one. it's the responsibility of the egyptian government, as a host, to protect facilities including our own. we saw that president morsi, immediately after that, took dramatic steps to improve the security of our facilities in cairo and elsewhere.
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he made statements condemning the violence and conveying the message that, however hateful such a video may be, there's absolutely no justification for violence against the united states or other western partners. so, what we have seen is that the president has been incredibly calm, incredibly steady and incredibly measured in his approach to this set of developments. and, his interventions, his leadership, has ensured that in egypt, in yemen, in tunisia, in libya, and many other parts of the world, that leaders have come out and made very plain that there's no excuse for this violence. we heard the prime minister of turkey and saudi arabia say the same thing. there's no excuse for violence, violence should be condemned. governments have a responsibility to protect the united states personnel and facilities and those of all
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foreign diplomats. >> very quickly, was that president in that interview trying to nudge president morsi, get your act together? >> no, i think the president communicated directly with president morsi and had the opportunity to underscore other expectation. so, that was conveyed very directly. the results were immediate and quite satisfactory. >> dr. rice, thank you so much for coming here today. >> good to be with you. and we're joined now by my colleagues and friends. martha raddatz, brian ross and christiane amanpour. christiane, you covered the arab spring. you had the exclusive interviews we all remembered with the prime minister of egypt. christiane, you have interviewed the prime minister. of egypt. what are they telling you about these protests, who are behind
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this? >> first and foremost, this nothing to do with the government. they have called them back. the muslim brotherhood said that they have made plenty of arrests. we should know the next few days their trying to recalibrate and put the united states back on the right track. whether it's the egyptian prime minister who told me that. the muslim brotherhood. the libyan prime minister. it also important to recognize that this is a seminal moment for these arab emerging democracies. the people have spoken, by and large, they've gone well. this is a success story. some elements are out of control. most particularly in libya, where you have armed people who aren't under the government control, not brought into the, you know, rule of law. in egypt, they say they got it under control. they're very concerned that they want to maintain their relationships and not have this deter from their strong relationship with the u.s. >> brian, let's talk about the homeland for a second, this
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week, there were three college campuses where there were bomb scares, all false alarms, is there a worry that these wave of attacks could spread to the united states, to the homeland itself? >> well, there are concerns. there was a arrest yesterday in chicago, an 18-year-old who wanted to blow up a bar in chicago as part of a sympathy for what's going on in the world against muslims. in general, they don't see no organized plan to attack in this country, but there are the independent operators who could be inspired. >> martha, how do they decide when the protests are coming, what they can do to calm things and when they will actually make things worse if they get involved? >> well, i think that's real fine line. yemen, particularly, i was watching this week and that embassy is very, very hard to breach. you have the host nation,
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usually on the outer perimeter, they're in charge of security there. but getting inside, you usually have americans there backing them up. if you saw those mobs coming, i suppose you would say, let's go after them. but they can't really do that in all of these cases. i think, particularly, in yemen, they did a good job of letting them climb the walls, but not getting over the walls. you don't want to use deadly force, because it makes it much worse. jake, you asked a good question, of susan rice, why weren't there marines in tripoli? i think that's question that the state department is looking at right now. benghazi, 25 to 30 in the entire consulate. how many of those really were security? they overran the perimeter so quickly and were able to get to that main building so fast.
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that's a huge question. >> brian, you heard dr. rice talk about the youtube video. they're hanging a lot on this youtube video. you have been looking into the filmmaker behind it, what was his motivation? why did he initially falsely claim to be a jew, an israeli jew? what was he trying to do with this video? >> he was trying to stir things up with false claims that he was an israeli jew as he claimed. in fact, the money came from his wife's family in egypt and he was attempting to stir things up with this very provocative film. he's a coptic christian. the issues in egypt, coptic christians. he sought to create a hate film, the film was never really produced, just the trailer was put on youtube. >> it was like a home video. one person can cause this. >> i was going to say, it's so interesting that the actors who were called to say the words,
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master george, they dubbed him those three syllables with mohammad. >> it plays right into the extremist provocateurs over there. one thing that i was really worried about, first of all, this cynical attempt to stoke more hatred by pretending that he's jewish and now it's revealed that he's a christian. there's been very tense relations between coptic christians and muslims. they're not going to let this having impact with our relations. that's possibly a very, very difficult fallout that could happen. i'm pleased that nothing happened in afghanistan. i mean, i think what's really important to know, again, this is a moment where these governments have mostly done the right thing. not just now, but in the lead up to all of this, they're mostly moderate. they want good relationships with the rest of the world. yes, the people are going to have a voice, because these are democracies now.
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in foreign policy going ahead. as susan said and as others have said, look, in libya more than half of the people not only support u.s. leadership but the united states and the people of the united states. i think that should be a takeaway. >> martha, i do want to look forward and right now, we have in the gulf, the largest naval exercise ever in the history of the middle east, what is the message that the united states military is trying to send here? is it directly aimed at iran? >> i think it's a pretty obvious message, and i don't think anyone would actually tell you that on camera, jake. but i think the message is pretty obvious to iran, is don't even try to shut down the strait of hormuz. they're building up all sort of missile defense-type things. >> and christiane, the united nations general assembly meets this week. and there's a
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lot of tension between israel and iran. and also, between israel and the obama administration. >> what do you anticipate will happen this week? >> i think what's really interesting and i have talked to a lot of people about this, you know, ehud barak, the israeli defense minister is starting to walk back on talks about a attack. i'm being told that possibly, sort of receding possibility at least any time. but then, of course, the israeli people don't want to see their country unilaterally attack iran. we have to know whether there's going to be any, real, significant chance for proper negotiations. this negotiation that's going on right now with iran and the west and the united states. whether that can come to some
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kind of an agreement, beyond short of military intervention. >> and, brian, very quickly what are your sources telling you about how far the iranians are when it comes to building a nuclear device? >> four to six weeks away if they made the decision to do it. >> they're able to acquire -- >> that's some of the intelligence. they haven't made that decision. >> others say that it could be a year. so, this is a guessing game that has gone on for years. >> that's the latest claim. >> all right, christiane, martha and brian, thank you so much for joining us. really appreciate it. great insights. when we come back, our powerhouse roundtable weighs in on all of the week's politics. there's a new poll out today claims that 58% of americans believe that barack obama would beat mitt romney in a fistfight. maybe we could wrap up this election in one night. we could wipe out the national debt in one night.
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poll showing a slight obama lead, is it time for republicans to start worrying? and the iphone 5, economic stimulus? >> today, apple unveiled the iphone 5, which is 25% lighter and 18% thinner. yeah, in fact, it's just a piece of paper that says you saps will buy anything. paper that says you saps will buy anything.
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two years ago, the people of bp made a commitment to the gulf. and every day since, we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many areas are reporting their best tourism seasons in years. we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp.
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we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. when president obama took office. this is china's. under obama, we've lost over half a million manufacturing jobs and for the first time, china's beating us. seven times obama could've stopped china's cheaeating. seven times he refused. it's time to stand up to the cheaters,
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and make sure we protect jobs for the american people. [ male announcer ] barack obama: failing to stop cheating. failing american workers. i'm mitt romney and i apove this message. ♪ there's something that i want you all to know.
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i'm not worried. not in the least. our campaign has a secret weapon and that secret weapon is speaking right now in tulsa, oklahoma. let's take a look. >> hello, i'm mitt romney. and i understand the hardships facing ordinary americans. for example, this summer, one of my horses failed to medal at the olympics. so, i know hardship. [ laughter ] >> we're joined now by george will, fox news contributor liz cheney, who's also co-founder of keep america safe. retired general wesley clark. abc senior political correspondent jonathan karl. and gwenfill. moderator on pbs. welcome one and all. lots to chew over. george, this week, romney senior foreign policy adviser said of the situation in the last week unfolding throughout the muslim world, a pretty compelling story that if you had a president romney you would be in a
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different situation. is there? >> no. the great superstition of american politics concerns presidential power. the during a presidential year, when it becomes national narcissism, anything in the world, we caused or cure. with a tweak of rhetoric. the riots in the middle east, it is about a video. it's neither. there are sectarian tribal civil wars raging across a region that we can understand nor can we measurably mitigate. >> liz, what was he saying in his response, you're not among those critics. you think you got it right. >> i think he did get it right.
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i think the statement that should have received more criticism, was the president, when the president went into the rose gardens, 24 hours after the cairo embassy attack, rightly condemned the killing of our ambassador. in a situation in which an embassy has been attacked, the flag has been ripped down. the al qaeda flag has been flown. for the american president not to be mention it, sends a message to the radicals. we have had 3 1/2 years of obama policy. and it looks like a lot about whether you're talking about the mexico city in 2009, the cairo speech in 2009. the extent in which he's been apologizing for america. he's abandoned some of our key allies. he's attempted to appease our enemies, the iranians, for example, the russians. he's getting ready, as we watch these scenes unfold, to slash our defense. it includes over $20 million for embassy security.
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so, the president himself, got a terrible record on national security. and it's something clearly that governor romney to should be pushing. >> i suspect that you general clark, you disagree with what liz just said. >> we got a democratic president who's been strongest on national security, he's completely take on the foreign policy and national security argument away from the other side. he reinforced an afghanistan, he got us responsibly out of iraq. we took osama bin laden. he's been firm, he's been visionary. he's been tough and decisive. i know what the republican narrative wants to be. but when you get below the rhetoric, there are no facts to support these charges. in fact, we worked anti-missile defense. poland is happy. we got the strongest relationship with israel i think we have ever had. very good relations there. i don't find much ground on
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these comments from the republicans. >> jon, if you look at how the american people feel about who would be better on foreign policy? obama, 51%. romney, 38%. trust to handle terrorism? obama, 51%. romney, 40%. that was tuesday. abc news/washington post. obvio obviously, the events of this week haven't factored into this. could the events of the last week change those numbers? >> they sure could. a question of where it goes. i think, liz, despite what you're saying, even the romney campaign thinks they mishandled the initial way they handle this. look at the different tone from when mitt romney came out after the attack to where he is right now. >> the romney campaign doesn't always get it right. >> there you go. as far as longterm implications this is a potential danger for the president. there will be questions asked. no doubt there will be hearings up on capitol hill. about what happened. why there wasn't more security
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in benghazi. questions about the overall situation in the middle east. was this really about one youtube video or a trailer for a movie that has been out for months and finally translated into arabic? and put an extremist television show in egypt. or is there something more fundamental going on? this was a president that was going to transform our relations with the rest of the world, particularly with the arab world. now, the arab world is to a degree inflamed with very visible anti-americanism. that could erode the president's numbers long-term. even though mitt romney severely mishandled the situation. >> gwen, how much do voters care about foreign policy? how much could this change the course of this election? >> not much immediately. you know, i find it really interesting, jake, a week ago, we were post-convention, we were completely consumed on what we talked about at those conventions, not foreign policy. talking about osama bin laden.
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other than, i picked up on that. i find it striking that liz would say that the romney campaign doesn't always get it right. that shows a little bit of disagreement within the republican party about how this week went. but more interestingly, to me, i don't think people were paying attention to this. even though, you can argue that this is the most important power that any president could have. it boils down to the point that mitt romney was trying to make, after all, the timing issue, is who in a better position to lead? the tough position, if you're the guy trying to take out the incumbent is to make you would do better. the president is currently the commander in chief. but i don't know that americans, when they go to polls, in the end, are going to say, i think i like the way he handled benghazi. does he feel like a leader to me? that was tough for mitt romney today. >> i want to clarify.
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i think the governor handled it exactly right when he went out and condemned the embassy statement. i cannot imagine a more important set of issues, and i think, frankly, it would be a tragedy for the nation if president obama is allowed to effectively claim that he's been an successful national security president. it would be a tragedy for the nation if the romney campaign doesn't push this very hard. i know how deeply governor romney cares about the country. but there's no question we're weaker than when president obama took office. >> i actually don't think we are weaker. the whole point of going into afghanistan in 2001, which president george w. bush articulated, was osama bin laden wanted dead or alive. barack obama put the pressure on him and he got him. it's a huge -- it was a huge
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marker, it was a presidential decision, and he was very much aware of president carter's problem with desert one. >> but general, any president -- >> are you at all uncomfortable of how political, at the national political convention, that this military operation is used as a political talking point over and over again? >> but here's the thing, jonathan, since the vietnam war, republicans are the daddy's party. democrats are the mommy's party. republicans are strong and robust. democrats are soft and weak and want to negotiate and apologize. it's simply not true. we're stronger, we're safer. barack obama has been a very robust -- he has a very robust, muscular foreign policy and as
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george said earlier, what happened in the middle east has lots of factors, lots of clauses underneath. nothing to do with rhetoric. >> and you could add the use of drones which have been more aggressive both in the number of attacks and the places where the attacks are made than under george w. bush. i really don't think it's fair to fault the president for throwing israel under the bus. as they say, granted he has a bad relationship with my good friend netanyahu. but, politically, our profession, graphic journalism with all of these pictures and things in flames, tends to give the country the sense that the world is somehow in chaos. the world is always dangerous. and all that. the chance of f dying on this planet from organized state violence is lower than it has been since the late '20s. >> it's the disorganized state violence.
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or nonstate violence that everyone is worried about. when they see protests in 20 different places. >> with the respect to israel, george, you're in a situation now, in the last 48 hours, the president of the united states has reportedly offered to meet with the muslim brotherhood president in egypt. he has refused to see benjamin netanyahu. there's simply no way to claim that relationship is not strained. and given the fact that israel is facing an extessential threat, one effective program that we may have had in place that would have been able to slow or stop that nuclear program, the cyberwarfare activity, members of the president's national security team leaked to them. so, the president's record is clearly abysmal. >> i'm not in the administration, so i wasn't part of this. i don't think there's been any direct request to meet.
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and i don't think there's been a refusal. there are daily contacts between israeli government officials and the united states. secretary of state clinton has been out there meeting people. we know very well the positions on all sides, the uncertainties, the intelligence, the information is shared. planning is shared. it's very close. this is the question of the best way to bring this iranian program to a halt. >> and, on that subject, george stephanopoulos interviewed mitt romney this week and asked about the red lines, where the u.s. will draw the line in the iranian nuclear program before acting? here's that exchange. >> the red line going forward is the same. >> yes. recognize that when one says that it's unacceptable to the united states of america, that means what it says. you'll take any action necessary to prevent that development. which is iran becoming nuclear. >> george, where does that prime minister netanyahu want this red
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line to be publicly drawn? we have heard so much about this red line. mitt romney hasn't said it wasn't red line. what does bibi want? >> i'm not sure what he wants. confidence in our intelligence system, last march, in an interview with jeffery goldberg of the atlantic, president obama said our intelligence service will give us a pretty long lead time in understanding where iran is, our intelligence services did not predict india's testing of a nuclear weapon, pakistan's testing, didn't anticipate, didn't predict north korea's. i think he may have a phased in the ability of our intelligence services to draw lines and put down markers as to where the iranian program is that we don't have. >> and general clark, isn't it in the president's interest to state where that red line is? doesn't that mean he then has to go to war. >> he's not going to state a red line. there are probably several
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different indicators and there's going be a margin for uncertainty. intelligence, as george said, isn't precise. it's been sharpened up a lot. it's not a direct comparison. we're doing better on that intelligence. but he's going to have -- no president can publicly declared red lines that surrenders his decisionmaking authority. he's going to evaluate a number of factors, he's been very clear. they're not going to get a nuclear weapon, he says it's unacceptable. he's decisive. osama bin laden found that out. and if i were the iranian leaders, i would be concerned. >> do we know what mitt romney was saying in that interview with george, when he said that he agreed with the president that there should be a red line, we don't know what the president's red line is, was mitt romney, again, backing again, getting softer on this issue in agreeing with the president? >> i think the key on the
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intelligence here, it wasn't just india that we missed. it was also, frankly, syria, the nuclear power plant that was being built in the syrian desse dessert, which was in 2007. iraq had better intelligence than we did on the development of that nuclear program. i think our own intelligence hasn't been effective at identifying and predicting where other nations stand. >> liz, i'm still trying to figure out, how would president romney be different if he's agreeing with the president? >> the problem that the israelis have here, they understand american intelligence. number two, they don't believe this president. they don't take him at his word. the president says you know, i'm not going to allow him. then the chairman of the joints chief is saying, the worst thing that could happen could be a israeli strike. israelis would agree with mitt romney that he actually means what he says.
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we're not going to get nuclear capabilities. >> i want to switch topics right now to a hardening of the state of the election. we have seen, on friday, these three swing state polls came back indicating in ohio, obama is up 7 points. virginia, obama is up 5 points. florida, obama is up 5 points. and george, one of the amazing things is, mitt romney is no longer in polling, beating obama on trust to handle the economy. >> which is his campaign in one sentence. those three states have one thing in common -- they all have three republican governors. they're bragging, rightfully so, they got their economies up and running. if you add wisconsin with scott walker to that list, you have tension to disconnect, with the interest of the romney campaign. >> jon, what's going on behind the scenes here?
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>> look, one thing that's happened during the democratic convention the romney campaign essentially went dark. you have seen an absolutely bombardment, particularly in ohio and in florida, from the obama campaign, hammering romney on, especially in ohio, on the auto bailout. there was a romney adviser told me that famous headline that romney himself did not write, "let detroit go bankrupt." could be the headline that cost him the election. they have gone in and actually outspent dramatically the romney campaign over the last few weeks. which is incredible when you think that the romney campaign has more money. at this point. >> that's interesting, because, the auto motive companies went bankrupt. the argument on the bailout is knew nuance and law. >> because, what president obama has said, there's a way to move this economy forward. and governor romney's plans don't -- they really don't show that way.
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i mean, he's talking about tax cuts for the wealthy, closing loopholes and sort of letting things take their cause. >> although, you have had the obama campaign entirely talking about something that happened in the first six months of the obama administration. >> that's true. >> the auto bailout -- >> but there are other things going on, jonathan. in the administration, people are working trying to restart and re-energize american manufacturing. >> then why do we have more americans unemployed at any time? i think this administration has a real misunderstanding about the difference between activity and action. what was particularly interest at the democratic national convention, certainly not from the president, you never heard the word record. they can't talk about it because the record has been so bad, as bad as we have been talking about it on the national security.
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it's been worst on the economy. >> it hasn't. we have created 4.7 million jobs. we have lost state and municipal jobs. because these municipalities and states have to reduce. >> it depends on when you start counting. >> gwen, we have to take a break. before we take the break. >> okay, okay. ohio, it's about the bailout. you talk about virginia and florida. in florida, we're talking about medicare and those are the ads. that's the spending and rhetoric. especially with the addition of paul ryan to the ticket, which has people talking. in virginia, in many ways, it's the northern part of virginia, more susceptible that's happening in washington. listening to the debate more closely. in southern part of virginia, more military, is susceptible to the argument that obama is making. because we live in washington we're seeing a lot of these ads. we can't underestimate with the unpopular governors in ohio.
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how much does it have to do with effective advertising? >> all right, we'll be back in 60 seconds with more of our roundtable. more from "snl." i'm barack obama and i approve this message. but i'm not real proud of it. >> after bain capital shut down the mill, it was out of work for a year. next, i worked as a trucker. then bain came along and they bought that company. i lost that job, too. i finally got a job as a shoe shiner under an assumed name, working just for tips. bain somehow found out, bought the business, and moved the business to china. that's when i knew it wasn't a coincidence. >> each time raymond mccoy got a new job mitt romney and bain capital would buy the company. apparently for the sole purpose of laying him off. bain capital would buy the company. ancial pl. at pacific life, we can give you the tools to help you achieve financial independence.
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even have to order the iphone. apple has collected so much information about you, it already knows if you want it. it's coming to your house. >> a lot of people are complaining that the new iphone is taller than the last model. which means, they have to buy a new case. in response, apple issued an official statement, exactly. and we're right with back with the roundtable. as you saw right there, lot of talk about the economic impact of the iphone 5 could boost $3.2 billion in the next quarter alone. the federal reserve is not relying on iphone. embarked on a new round of bond buying. to help boost the economy. george, i'm just taking you a guess that you're not a big supporter of this.
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>> quantitative easing, is the government printing money. now, printing presses are 20th century, they do it digitally. never mind. it's expanding the money supply. it's part of mission gallop, by the fed is on its way to becoming the fourth branch of government. constrained by nothing as far as i can tell by exercising both monetary and fiscal policy. the interesting thing is this, it used to have one mandate. protect the currency, prevent inflation. then we added a second mandate, maximize employment. we have forgotten the first and concentrated solely on the second. to produce trickle-down economics. the whole point is to drive people out of bonds into riskier assets. such as equitieequities. great effect on the stock market, where the equities are owned by a tiny portion of americans. in the hope, that the wealth effect, as the stock market goes up, it will cause wealthy americans to spend and invest and the
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results, guess what, will trickle down to the rest of us. banks have $1.5 trillion in reserves. companies have $2 trillion of cash sitting on the sidelines. who in america is not buying a house because of 30-year mortgage at 3.5% is too high? who is not hiring workers because lending is too expensive now? >> okay. >> it's an extraordinary move by the federal reserve to take this move. economists will differ on whether it will have an effect on the economy. it will have an effect on capitol hill. you'll see a move to kind of clip the fed's wing, get back to the original purpose of controlling inflation. you hear a lot of talk about the fed on the hill but this gives impetus to doing something. >> i think the thing is, inflation is under control. yes, there's a lot of money out there, it's not moving. keeping interest rates low. we're giving opportunities for investments. in housing and other sectors. but it has to be coupled with
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other measures. the president his announced a new target, to get rid of half of our oil imports by 2020, that will keep that money inside the u.s. economy, that's a big deal and it can be done. he has announced new manufacturing initiatives. we're bringing jobs back from overseas. and we need to move forward and do something about home mortgage foreclosures. we need some bipartisan work on this. i remember debating karl rove in 2008 on this, and he was very firm that we weren't going to help people with mortgage problems. but i think we need some action on it. >> the fed printing money in order to pay for barack obama's debt. this country is facing a crisis that's totally unavoidable crisis, $16 trillion we hit during the democratic national
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convention, and the extent to which this president has shown absolutely no leadership to deal with, you have the fed stepping in, and you have another credit ratings agency in the last 24 hours, downgrading the united states of america. that has never happened before. we have had it happened twice. >> 30 seconds. >> liz, brings it back to politics. you look at this completely through a political lens. ben bernanke when he steps up and doesn't do something like this, oh, no, the markets go down. when ben bernanke does this, this is the way of getting the president elected. nothing that he announced this week isn't going to make a difference in the next seven weeks. something is being done. >> it's an economic argument. it does have a political impact because we're in the middle of a presidential campaign. but when the fed is printing money in order to buy debt. all right, it's an economic policy. >> the conversation will continue online.
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general clark and liz cheney will answer your questions on twitter. just use the hash tag this week. but first -- three moments from this week in history. what year was it? >> we have raised this monument to commemorate the service and sacrifice. >> the world war ii memorial has opened. few american troops that dishonored our country. and disregarded our values. >> we learned about the torture of prisoners at abu ghraib. >> i'm appalled. that's not how the u.s. military should act. and -- ♪ >> 52 million people watched as "friends" signed off. >> please stay with me. i'm so in love with you. >> was it 2003, 2004 or 2005? we'll be right back with the answer. 2003, 2004 or 2005? we'll be right back with the answer.
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so, what year was it? when did the abu ghraib prison scandal break and the world war ii memorial opened? it was eight years ago, 2004. now, in memoriam. we honor americans who serve and
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sacrifice, and those killed in benghazi. >> four americans. four patriots. they loved this country. they chose to serve it. and served it well. >> we owe it to those four men to continue the long, hard work of diplomacy. >> this week, the pentagon released the names of three soldiers killed in afghanistan. the names of three soldiers killed in afghanistan. and finally, youroice and finally, your voice this week, today's question comes from nancy burkley, who asked, who are you going to vote for? in. >> nancy, the truth is, i don't vote in races i cover. after i became a reporter, after i voted absentee, i felt like i made an investment an uncomfortable feeling. i revere voting.
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i don't feel it as those i can do the best job i can bringing you fair and impartial coverage if i feel in any way invested in those politicians. other reporters feel differently. i'm not trying to feel holier than thou. this is just my personal view. you can me ask questions all week long on twitter, at jake tapper. we'll be right back. long on twitter. at jake tapper. we'll be right back. from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. wiit's something you're ion, risborn with.nd expenses and inspires the things you choose to do.
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thank you for sharing part of your sunday with us. check out "world news" with david muir tonight. george stephanopoulos will see you back here next week and happy jewish new year. week and happy jewish new year. and ret? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our no annual fee iras and a wide range of low cost investments, you can execute the plan you want at a low cost. so meet with us, or go to for a great retirement plan with low cost investments. ♪ to divvy up this shared data plan...fairly. so, um, whoever's fathered the most children, gets the most data. let's just do it by hair. body hair? most dental work. what? [ phones buzzing and beeping ] stop downloading, and stop liking everything. it should be by who has the least amount
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of cartilage in their left knee. [ mom ] i just want to take a bath. [ male announcer ] say no to sharing. say yes to sprint. with truly unlimited data, text and calling. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪
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this bridge. your newreal. car probably rode thesed a real difference. rails. that shipment you just received was tracked by satellite. we build and maintain. we invest and innovate. so we can deliliver what america needs. this year alone, freight rail companies plan to spend twenty-three billion of their own money, not taxpayer dollars, to build bridges, maintain track, and develop new technologies to keep freight rail and our economy moving. there's a lot riding on these rails.

This Week With George Stephanopoulos
ABC September 16, 2012 10:00am-11:00am EDT

News/Business. Political guests and viewpoints. New. (HD) (CC)

TOPIC FREQUENCY U.s. 16, Benghazi 14, Egypt 13, America 13, United States 12, Libya 12, Us 12, Morsi 9, Romney 7, Israel 6, Tripoli 6, Cairo 5, Afghanistan 5, Virginia 5, China 4, Liz 4, Florida 4, Yemen 4, Ohio 4, Mitt Romney 3
Network ABC
Duration 01:00:00
Scanned in Annapolis, MD, USA
Source Comcast Cable
Tuner Channel 77 (543 MHz)
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Audio Cocec ac3
Pixel width 528
Pixel height 480
Sponsor Internet Archive
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on 9/16/2012